The Federal Court’s decision in ASIC v The Star Entertainment Group is already being recognised as a landmark governance case.
With the Court now having addressed penalties, the decision provides timely and practical guidance for boards and senior executives
on the board’s delegations to, and reliance on, the management team, preparation and review of board packs, oversight of management
and record-keeping practices. The decision also clarifies the duties of inhouse counsel and company secretaries, including how inhouse
counsel should discharge those duties.
Due to the significance of this decision, Piper Alderman is hosting a special additional session in our ‘Dynamic Board’ series. This
online only briefing has been scheduled to ensure directors can hear directly from our governance specialists while the decision is still
front of mind.
What we’ll cover:
- What the Court said about board oversight responsibilities vs management accountability
- How the position of the non-executive directors differed from that of the Managing Director and GC/CoSec
- Implications of the penalty findings
- Lessons for boards on information flow, escalation, and reliance on management – including use of AI to digest board packs
- Practical governance takeaways regarding risk management systems and processes
- What directors should be doing now in light of this decision
Who should attend:
- Company directors
- General counsel and company secretaries
- Senior executives
- Governance, Risk, and Compliance (GRC) personnel
- In-house legal counsel
This special online only session forms part of Piper Alderman’s The ‘Dynamic Board’ series and is designed to be practical, concise,
and directly relevant to those operating at board and executive level.
